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Monday 23 November 2015 12:01 amHMRC collects pound;3.5bn from investigations into big businessesrsquo; underpaid corporation taxBy: Madeline RatcliffeShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleHMRC 8200;collected an extra pound;3.5bn in corporate tax from challenging businesses on their payments in the last tax year, according to figures from Pinsent Masons.The pound;3.5bn polene came from investigations into underpaid corporation tax carried out by HMRCrsquo Large Business Directorate, which oversees the tax compliance of the 2,100 largest and most complex UK businesses.The figure is down 13 per cent from the previous year, despite more companies coming under the operationrsquo remit, and represents 35 per cent of the maximum pound;10bn HMRC said could come from its corporation tax investigations.Pinsent Masons said the fa polene italy ll in the amount of additional tax collected may be because HMRC dealt with the most obvious tax abuses over the last few year Heather Self, a partner at the law polene bag firm, said: HMRC has now tackled much of the low hanging fruit. It may now be trying to squeeze blood out of a stone, as it moves on to more complex cases, which may take longer to resolve, and yield lower amounts.The fact that the rate of corporation tax has been falling will also, of course, be having an impact on overall yield, she added.Share Xomi Hunting snaps up Innova-Extel

Tuesday 11 January 2011 8:02 pm|Updated:Friday 31 May 2019 3:08 amLSE cites human error in crashBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleThe London Stock Exchange yesterday said human error not sabotage caused a system crash last November. The LSE notified the police and launched an investigation when its Turquoise trading system buckled on 2 November citing ldquo uspicious circumstances. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessRelated TopicsNULLTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be cancelledClairersquo Accessories to launch UK high street comebackAfter Santanderrsquo TSB takeover ndash; who are the top players in UK banking Bank of England signals interest rate hikes ahead despite April holdMore from City AMSantander celebrates the winners of the SW50 2026 programmePartnerWhat to look out for in Londonrsquo local electionsOpinionFo owala rmer Deepmind star lands $1.1bn backing for AI startupTechShould you build an AI clone stanley austria of your CEO No!OpinionBritish Airways forced to downgrade loyalty scheme members after lsquo;errorrsquo;BusinessBond traders: Bank of England gilt shake-up would lsquo;concentrate risksrsquo; in market meltdownMarketsLocal elections 20 stanley quencher uk 26: who will win in Hil